6875 Space Village Ave Colorado Springs, CO 80915

The Travelodge by Wyndham Peterson SFB is a recently renovated 90-room limited-service hotel in Colorado Springs. The property underwent approximately $400,000 in capital improvements in 2025, including a new boiler system and cosmetic upgrades. It consists of a 70-room interior corridor main building and a 20-room exterior corridor suites building, totaling 38,191 square feet on 2.19 acres. The suites include kitchenettes, living rooms, and separate bedrooms. The hotel is located near Highway 24, providing visibility and accessibility for travelers entering Colorado Springs from the east via Highway 94. Demand drivers include military, corporate, construction, and leisure travel, with nearby attractions such as Peterson Space Force Base, United States Air Force Academy, Garden of the Gods, Pikes Peak, Cheyenne Mountain Zoo, Manitou Springs, and the United States Olympic & Paralympic Training Center. The property has generated over $1.8 million in annual revenue during the past three years, with a RevPAR index above 130 compared to its competitive set. The hotel is located within a federally designated Opportunity Zone. The 20 exterior corridor suites provide a repositioning opportunity for conversion into multifamily housing or assisted living units, supported by flexible CC CAD-O zoning. There is an onsite manager’s apartment, minimal expected franchise Property Improvement Plan (PIP) requirements, and the ability to further increase revenue through operational improvements and repositioning.